CENTRAL PARK SECURES LARGEST SUBURBAN LETTING IN DUBLIN IN 2015
Online Reservations Company Web Reservationswhose flagship brand, Hostelworld, the global leader in online hostel reservations expands into new Global HQ at Central Park
Dublin, 7May 2015 –The Central Park Limited Partnership is delighted to announce the letting of the second floor of Number One, Central Park, to Hostelworld, the global leader in online hostel reservations. The letting of 2,357 sq m(25,400 sqft) was the largest deal signed in Dublin’sSuburban Office Market so far in 2015 and sees Hostelworldsecure a 20 year lease on the office accommodation. The rent was in the region of €255 per square metre.
Equally as significant is the fact that Hostelworld are relocating their operation fromCharlemont Place in Dublin 2 to one of the best serviced suburban office parks in Ireland. Key to the success of Central Park is the unrivalled offering that the scheme offers to staff and visitors to the scheme. The Central Park office park has been under the asset management of Green Property REIT Ventures since it was acquired by The Central Park Limited Partnershipin Quarter 1 2014.Hostelworldwill join the list of high calibreexisting tenants which includes Vodafone, Bank of America Merrill Lynch, Ulster Bank, Leaseplan, Tullow Oil plc and Salesforce. It is expected that the company will move into their new office in the summer.
Feargal Mooney, CEO of Hostelworldexplains, ‘Our continued year-on-year growth, accelerated by our acquisition of Hostelbookers in 2013, has resulted in us needing to expand into a new, bigger office space. It’s an exciting time at Hostelworld, and we look forward to our next chapter in our new surroundings.”
The agents for Central Park are now offering the last 2 remaining floors within One Central Park, which are available for immediate tenant fit out. The office accommodation extends to an area of approximately 4,198sq m and can be made available on a floor by floor basis from 1,994 sq m.
Anne Louise Hannon in CBRE acted for Green Property REIT Ventures while Paul Scannell in HWBC represented Hostelworld. Knight Frank are joint office agents for Central Park.
-ENDS-
About Web Reservations International
Web Reservations International (WRI) provides technology, distribution and marketing solutions to accommodation and other travel suppliers worldwide through a network of owned sites and affiliate partners. Headquartered in Dublin, WRI was founded in 1999 and has representative offices in London, Shanghai, Sydney and São Paulo. WRI has developed award winning websites including hostelworld.com, hostelbookers.com, hostels.com and bedandbreakfastworld.com, and has successful affiliate relationships with many of the world's leading brands.